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| Jammu Rural Bank official booked for fraud | | |
Early Times Report
Jammu, Feb 3- State Vigilance Organization has registered a case against Branch Manager of Jammu Rural Bank, Bufflaiz Poonch and others for fraudulent sanction and misappropriation of bank loans over Rs 16 lakhs, besides detecting another case of embezzlement of Rs 3.45 lakhs in purchase of Computers in ITI Baramulla
A Vigilance spokesman said that a joint surprise check of Jammu Rural Bank Branch Buffaiz, revealed that under a conspiracy Satya Paul Sharma, Bank Manager, by abuse of his official position and in league with the beneficiaries resorted to manipulation of records and dishonestly and fraudulently sanctioned different amounts of loans to the beneficiaries.
The investigation further revealed that the said Bank Manager in league with Wajahat Ali Khan (beneficiary) prepared and entertained fake documents to facilitate sanction of Rs. 75,000 each as loan in favour of accused beneficiary Wajahat Ali Khan and his wife Rukhsana Begum. In processing and sanctioning these loan cases guarantor, Altaf Hussain Shah, (Labourer) was fraudulently shown as a Government employee (Teacher). He has fraudulently and dishonestly sanctioned loan of Rs. 2 lakh in favour of Altaf Hussain Shah, (beneficiary). This loan scheme was found applicable to Government /Semi-Government employees only. The beneficiary was found to be a labourer but shown as Government Teacher in loan papers to facilitate sanction of loan in his (beneficiary) favour.
The spokesman further said that Mohammed Ismail and Mohammed Nayeem Khan residents of Dundak who had not approached concerned bank for sanction of loan of Rs. 2 lakhs and 1.5 lakhs respectively but their fake documents were prepared and loan of Rs. 2 lakhs and 1.5 lakhs was found to have been sanctioned, drawn and subsequently misappropriated.
The said Bank Manager by resorting to manipulation of records also facilitated sanctioning loan of Rs. 9.10 lakhs for purchase of tipper in favour of Wajahat Ali Khan which in question was never purchased and the loan amount was paid to the beneficiary in cash.. The investigation of the case is in progress, the spokesman added.
He said another case registered pertains to embezzlement of Rs 3.45 lakhs by officials of ITI Baramulla in purchase of computers. Case FIR No 3/2009 P/S VOK against Zafar Altaf then Junior Instructor of ITI Baramulla for embezzlement of Rs 3.45 lakhs shown to have been utilized on the purchase of computers and its accessories in the year 1993. The verification conducted into the allegations has revealed that Harjeet Bahadur Singh Principal and Zafar Altaf Junior Instructor have shown purchased computer accessories worth Rs 3.45 lakhs from a firm namely M/s Cresent Computers Baramulla which was no existent.
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